Home > news > Former CEO of the third largest school system in the US to plead guilty to corruption

Former CEO of the third largest school system in the US to plead guilty to corruption

In a story that is sure to surprise everyone nobody, the former CEO of Chicago Public Schools plans to plead guilty to awarding over $23MM in no bid contracts to “education” companies in return for kickbacks and bribes.  Rahm Emmanuel chose Barbara Byrd-Bennett to run CPS in 2012, and apparently she wasted very little time before the scheming began, according to prosecutors.  The embattled Chicago mayor reported back in 2012 that he was proud of his selection of Byrd-Bennett at a salary of $250k per year.  Dozens of schools have been closed since 2012 due to budget concerns.  Now we cant really say how much this scandal cost the school system, but according to the story they had enough to offer Byrd-Bennett a “signing bonus” worth 10% of the overall contract value, on top of the other perks she received over the years.  I wonder how many schools would still be open if that %2.5MM+ was still in the budget instead of being included in the no-bid contracts.

Here is the story on Yahoo News

Leave a Reply

Your email address will not be published. Required fields are marked *

Trackbacks:0

Listed below are links to weblogs that reference
Former CEO of the third largest school system in the US to plead guilty to corruption from School Stupidity
TOP